3 new shares billionaire investor Seth Klarman bought

Seth Klarman

American billionaire investor Seth Klarman is widely regarded as one of the world’s most successful and respected fund managers.

With a career spanning over three decades, Klarman has built a reputation as a disciplined and value-driven investor.

He is known for his rigorous research process, long-term investment horizon, and focus on risk management.

Born in 1957, Klarman attended Cornell University and later Harvard Business School, where he studied under legendary value investor Benjamin Graham.

After graduating, he worked briefly for Mutual Shares before founding his own investment firm, The Baupost Group, in 1982.

Over the years, Baupost has grown into one of the world’s largest and most successful hedge funds, with over $30 billion in assets under management.

Despite his remarkable track record, Klarman remains relatively unknown outside of investment circles. He eschews publicity and rarely grants interviews.

Klarman’s investment philosophy is rooted in the teachings of Benjamin Graham, the father of value investing.

He believes that a margin of safety is essential for any investment and that it is possible to find undervalued securities in any market environment.

Klarman is also known for his long-term approach to investing, often holding positions for several years and waiting for the market to recognise the underlying value of his investments.

This approach has paid off in spades for Klarman and his investors. Since the founding of The Baupost Group in 1982, the firm has achieved an annualised return of 19%.

The firm’s success has been driven by Klarman’s ability to identify opportunities where others see risk and his willingness to hold positions for extended periods.

Seth Klarman’s portfolio

In 2023, Klarman added three new shares to the Baupost Group portfolio – Skyworks Solutions, Jazz Pharmaceuticals, and Seagate Technology.

He also pumped more money into Google owner Alphabet, Fidelity National Information Services, and Finch Therapeutics Group.

The table below shows how the Baupost Group portfolio changed in Q1 2023.

StockPortfolio PercentageChangeValue
LBTYK – Liberty Global Inc. C17.31No change$968,138,000
GOOG – Alphabet Inc. CL C10.88Add 46.50%$608,585,000
VSAT – Viasat Inc.9.86No change$551,218,000
QRVO – Qorvo Inc.8.44Reduce 18.88%$472,250,000
VRTV – Veritiv Corp.8.03No change$449,249,000
LSXMK – Liberty SiriusXM Series C7.43Add 8.79%$415,681,000
WBD – Warner Bros. Discovery Inc.6.81Reduce 18.60%$381,050,000
FIS – Fidelity National Information Services4.7Add 124.67%$263,041,000
LSXMA – Liberty Sirius XM Series A4.11Add 6.51%$229,710,000
EDU – New Oriental Education & Technology3.74Reduce 6.47%$209,219,000
WTW – Willis Towers Watson plc3.57Reduce 32.96%$199,537,000
SSNC – SS&C Technologies Holdings Inc.3.31Reduce 13.21%$184,907,000
LBTYA – Liberty Global Inc.2.51No change$140,288,000
TBPH – Theravance Biopharma Inc.2.02Reduce 8.76%$113,049,000
SWKS – Skyworks Solutions Inc.1.48Buy$83,042,000
JAZZ – Jazz Pharmaceuticals plc1.25Buy$70,048,000
FISV – Fiserv Inc.1.08Reduce 73.36%$60,288,000
GTN – Gray Television Inc.0.59Add 7.12%$32,787,000
HLF – Herbalife Nutrition Ltd.0.56Reduce 2.29%$31,463,000
GTX – Garrett Motion Inc.0.49No change$27,385,000
ATRA – Atara Biotherapeutics Inc.0.47Add 12.31%$26,458,000
ADV – Advantage Solutions Inc.0.3No change$17,032,000
ATUS – Altice USA, Inc.0.29Add 23.05%$16,329,000
LAD – Lithia Motors Inc.0.27Reduce 73.98%$14,890,000
DBRG – DigitalBridge Group Inc.0.26Reduce 61.46%$14,795,000
STX – Seagate Technology0.16Buy$8,997,000
TMQ – Trilogy Metals Inc.0.04Reduce 46.54%$2,277,000
FNCH – Finch Therapeutics Group Inc.0.01Add 98.13%$793,000


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